• Tue. Dec 5th, 2023

Famed Crypto Analyst Says that Cardano can Outperform Ethereum

Hassan Mehmood

ByHassan Mehmood

Apr 13, 2021

Cardano, the brainchild of Charles Hoskinson, has been getting many retail investors’ attention due to its low price range. However, there are many new updates like Alonzo that have the potential to add to the vigour and success of the blockchain shortly. While Bitcoin is trending in a price class of its own at $60K, the remaining altcoins keep competing against each other to climb up the ranks.

A sought-after and well-known crypto investor on YouTube has come forward to share interesting insights with digital investors. The advice is not based on market analysis but comes from the crypto influencer’s personal planning who has personally invested in the digital token. Guy- a pseudonymous crypto investor, has remarked at his channel Coin Bureau that ADA can outperform Ethereum in the coming days.

Can the Ethereum Killer Live up to its Name?

The host of the popular YouTube channel for the first time shared his ADA holdings with his followers. In the latest episode, he told his viewers that the Cardano token makes up about 8% of his total portfolio. This number is huge considering that Cardano is a relatively new third-generation digital asset that is still preparing to go 100 %decentralized. 

Guy said in his video that he prefers the peer-review approach of Cardano over other blockchains. The Cardano team’s commitment to remain an open gate for research and development makes it a potential winner that knocks out all competition. At the moment, almost one-third of the entire ADA in the secondary markets is being staked in 2,500 different pools. This level of trading capacity creates massive liquidity and trade volume for the token.

ADA and Polkadot-Third Generation Blockchains Faceoff

Many contenders in the altcoin market are aiming to reach as high as possible. However, Guy focused his attention on the two most quoted third-generation blockchains in the crypto community. He believes that Cardano would deploy smart contracts on the blockchain much faster than the Polkadot. Polkadot (DOT) is the closest competitor that has the potential to surpass Ethereum other than Cardano. 

Right now, the investors’ attention is locked on the battle between DOT and ADA. Although there are not as many developers who are lining up to work on the Cardano as Polkadot due to scalability issues, the ADA community is still pretty strong. Guy further added that the majority of ADA is locked up in liquidity pools at the moment, and it cannot be sold on the open market for the time being. However, the token has covered a distance of 3,724% appreciation this year alone. On the other hand, Hoskinson’s new channel’s followers are growing faster than Coin Bureau itself. 

Hassan Mehmood

Hassan Mehmood

Hassan Mehmood, a valued writer at Big Trends Signals, uses his profound online trading expertise to produce in-depth guides and unbiased reviews, enabling traders to navigate digital marketplaces efficiently.

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